Egypt Treasury bills · auction of 24 December 2002
Egypt T-bill auction, 24 December 2002: 182-day at 6.09%, down 36 bps
At the Treasury bill auction dated 24 December 2002, the Central Bank of Egypt cleared the 182-day bill at 6.09% (down 36 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 3.6bn against EGP 900m on offer, 396% of the amount sought, and EGP 930m was accepted.
At 6.09%, the 182-day rate is the lowest in the 21 auctions of the past year.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 3,044 in 6 months on the 182-day bill
Put EGP 100,000 into the 182-day bill at this auction and you get back EGP 103,044 after 6 months: EGP 3,044 in interest before any withholding tax, about EGP 507 a month.
That is EGP 181 less than the same money would have earned at the previous auction.
The government pays the full amount at maturity; the risk is Egypt’s government not paying, and the money is locked until then.
Results
By tenor
| Tenor | Rate | Previous | Offered | Bids | Accepted |
|---|---|---|---|---|---|
| 182-day | 6.087% | 6.448% | EGP 900m | EGP 3.56bn | EGP 930m |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 24 December 2002, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2002-12-24
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